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2013-09-10: Corporate Update
 

2013-09-10: Corporate Update

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A new corporate update from Dynacor Gold Mines.

A new corporate update from Dynacor Gold Mines.

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    2013-09-10: Corporate Update 2013-09-10: Corporate Update Presentation Transcript

    • CORPORATE PRESENTATION SEPTEMBER, 2013 TSX:DNG US:DNGDF
    • DISCLAIMER: FORWARD LOOKING STATEMENTS This presentation contains certain forward-looking statements regarding operational information, future exploration and development plans and anticipated future production. Words such as, potential”, “building” “inferred”, “if”, “will”, “expect”, “forecast”, “estimate”, “consider”, “may”, “possible” and similar expressions have been used to identify these forward-looking statements. These statements are management’s current beliefs and are based on information currently available to management. Forward-looking statements involve significant risk and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including, but not limited to, changes in general economic, political and market conditions and other risk factors. Although the forward-looking statements contained herein are based upon what management believes to be reasonable assumptions, management cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place under reliance forward-looking statements. Forward-looking statements and other information contained herein concerning the metals and mining industry and Dynacor’s general expectations concerning the industry are based on estimates prepared by management using data from publicly available industry sources as well as from private sources, industry analysis and on assumptions based on data and knowledge of the this industry which the Company believes to be reasonable. However, this data is inherently imprecise. While Dynacor is not aware of any misstatements regarding any industry data presented herein, the industry involves risks and uncertainties and is subject to change based on various factors. There is no certainty the projections will be met. A NON-DILUTIVE GOLD COMPANY 2
    • A Non-Dilutive Gold Company  Exploration  Auto financed  Profitable Dynacor is an industrialized-type gold company with a low risk business model. GOLD PRODUCTION (CASH FLOW MACHINE): Dynacor’s gold ore-processing division, located in Peru, generates steady cash flow and profits while reducing risk. HOW? • Cash flow pays for exploration and all other costs; • Avoids shareholder dilution; • Net earnings of USD $7.7 M ($0.22 per share) in 2012. EXPLORATION (BLUE SKY REWARD): Dynacor has a $2.8 M drilling and cross-cut campaign underway on its flagship copper and gold exploration property, Tumipampa, surrounded by senior mining companies developing large scale skarn/porphyry copper/gold mines. A NON-DILUTIVE GOLD COMPANY 3
    • 7,292 10,576 10,478 9,926 11,808 11,134 13,157 13,101 12,392 17,168 18,603 20,027 17,893 25,000 32,500 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 GoldProduction(ounces) Quarterly Gold Production in the last 3 Years (ounces) • Production forecast based on: 450 TPD | gold grades of 0.70 ounce/tonne | 340 working days | 94% recovery • Production forecast based on: 600 TPD | gold grades of 0.70 ounce/tonne | 340 working days | 94% recovery New mill at Chala WHY INVEST IN DYNACOR NOW? QUARTERLY GOLD PRODUCTION FORECAST A NON-DILUTIVE GOLD COMPANY 4 Averaging a gross profit of $252/oz in the last 3 years 0.90 0.88 0.78 0.85 0.73 0.75 0.79 0.82 0.93 1.03 1.14 1.01 0.00 0.50 1.00 1.50 GoldGrade (Ounce/Tonne) Quarterly Average Gold Grade in the last 3 Years Averaging 0.88 ounces/tonne Au Produced 6,460 ounces with an average grade of 1.01 oz/tonne in July/2013
    • $1.54/share 0.10 0.13 0.13 0.13 0.14 0.14 0.14 0.14 0.13 0.13 0.17 0.17 0.17 0.17 0.17 0.17 0.22 0.29 0.29 0.29 0.29 0.29 0.29 0.29 0.29 cf/share $0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.60 $1.80 $2.00 Cash Flow Per Share and Monthly Average Stock Price DNG Stock Price Cash Flow Per Share A NON-DILUTIVE GOLD COMPANY 5 WHY INVEST IN DYNACOR NOW? GROWING CASH FLOW/SHARE The company is currently trading at 5.0 times cash flow per share ($0.29 Cash Flow Per Share TTM).
    • A NON-DILUTIVE GOLD COMPANY 6 WHY INVEST IN DYNACOR NOW? ONE BIG DIFFERENCE FROM 2012 TSX:DNG’S HISTORICALLY STRONG Q4 SEASON DRILL RESULTS FROM TUMIPAMPA CONSTRUCTION ANNOUNCEMENT ON NEW CHALA PLANT
    • 3 YEAR CHART HISTORY: ADVANTAGE DYNACOR PROOF IN THE STOCK PRICE A NON-DILUTIVE GOLD COMPANY 7 Currently a $1.54/share TSX:DNG’S HISTORICALLY STRONG Q4 SEASON Q4-2010 Q4-2011 Q4-2012 Q4-2013
    • Huanca: Gold/silver ore processing plant with a capacity of 230 tpd Chala: New mill planned with initial capacity of 300 tpd and readily expandable to 600 tpd 2012: Gold Production of 61,274 ounces averaging 213.79 tpd at 0.901 ounce/tonne Tumipampa: Flagship Exploration Property Recently discovered (Aug 2013) high grade Au/Ag results at Manto Dorado Polymetallic skarn zone (4km long) On the same fault and flanked by two giant world class skarns : • Los Chancas (355 million tonnes at 0.62% Cu, 0.05% Mo and 0.039 g/t Au) (Southern Copper) • Las Bambas (1.710 billion tonnes at 0.61% Cu and 0.02 %/t Mo, 0.11g/ Au) (Glencore Xstrata PLC) PERU CASADEN (Au) HUANCA PLANT (Au) TUMIPAMPA (Cu/Au) Los Chancas (Southern Copper) (Cu/Au ) Las Bambas (Xstrata) (Cu/Au) Huquira (Antares Minerals) (Cu) Tintaya (Xstrata)(Cu/Au) Orcopampa (Buenaventura)(Au/Ag) Yanacocha (Newmont/Buenaventura) (Au) Lagunas Norte (Barrick) (Au) Constancia (Norsemont) (Cu) Pierina (Barrick) (Au) ANTA (Ag) EGNONE (Au/Cu) Production Exploration NEW CHALA PLANT (Au) A NON-DILUTIVE GOLD COMPANY 8
    • Purchase ore at a discount Receive ore by truck Weigh and assay ore for gold content Dynacor pays miner based on gold content and discount to spot price Ore is processed through plant Gold bars are sold at spot price ORE-PROCESSING STEPS A NON-DILUTIVE GOLD COMPANY 9
    • NEW CHALA GOLD PROCESSING PLANT DEVELOPMENT TIMELINE 2012/2013 •Two participative community workshops successfully completed •Submission of Environmental Impact Assessment – done •Hydrological study – done •Purchase of land – done •Engineering plan – done •Construction plan – done •Environmental Impact Assessment - received permit in Dec •Published public notice announcement in Lima newspaper Construction Phase Q4-2013 •Construction of phase 1 begins immediately upon receipt of the construction permit •Construction of the tailings pond Production 2014 •Testing the new plant Q2 - 2014 •New plant commissioned and in operation mid 2014 •Upgrading plant to 450 tpd A NON-DILUTIVE GOLD COMPANY 10
    • • Unlimited space for tailings pond • Mining friendly region • Access to a region with an abundance of gold ore Brand new equipment optimizes production and cost control Easy access for heavy trailers Dynacor has an ore purchasing office in the area and is recognized as a reliable honest business partner KEY BENEFITS TO THE NEW ORE-PROCESSING FACILITY AT CHALA A NON-DILUTIVE GOLD COMPANY 11
    • New Government formalizes and regulates the artisanal mining sector New mining laws in force since March 2012 Improves working conditions Environmental protection Increases government tax revenues Increased demand for legally compliant ore-processing A window of opportunity for Dynacor’s ore-processing division? NEW MINING LEGISLATION PRESENTS OPPORTUNITY A NON-DILUTIVE GOLD COMPANY 12
    • TUMIPAMPA: FLAGSHIP MULTI-MINERALIZED GOLD PROJECT Drilling data reveals high levels of anomalous polymetallic grades for Ag, Cu, Mo and Zn in zone 4 The first six holes drilled intersected an altered monzonite containing high anomalies of gold, silver, copper, molybdenum, lead and zinc, a tantalizing hint of what may come from next set of drill results Some of the world’s largest and most valuable mines in the world are polymetallics. The largest mine in the world: Olympic Dam is an 8 B ton behemoth. More metals available, buyers attracted for metal price balance… Skarn Zones 1-4 Gold Veins (15) To date Disseminated Breccia MANTO DORADO (JULY, 2013 RESULTS) Bonanza Gold Grades 36.5 g/t Au over 4.9 meters including 111.5 g/t Au over 0.75 meters. High grade gold mineralization over 7.4 meters. Underground drill campaign September, 2013 First NI 43-101 resource calculation ROSA/A/PORVENIR VEINS Intercepted 7.3 g/t Au over 6 meters Large parts of the property indicate deeper sources of mineralization. Barrick’s deeper Laguna Norte Deposit (9M oz) is hosted in brecciated quartzite; A NON-DILUTIVE GOLD COMPANY 13
    • TUMIPAMPA: IN A DEVELOPING MINING DISTRICT A NON-DILUTIVE GOLD COMPANY Dynacor “Tumipampa” 12,307 m drilled to date Targeting first 43-101 resource Hudbay Mining “Constancia” 277Mt, 0.43% Cu Acquired March/11 $520M ($0.10/lb Cu) $1.5B in development First Quantum “Haquira” 569Mt, 0.64% Cu Acquired Oct/10 $460M ($0.06/lb Cu) Panoro “Antilla” 154Mt, 0.47% Cu 15,332 m drilling to date Panoro “Cotobambas” 404Mt, 0.42% Cu (204M shares outstanding) Southern Copper (Grupo Mexico) “Los Chancas” 355Mt, 0.62% Cu $1.2B projected development budget Glencore/Xstrata “Las Bambas” 1.7Bt, 0.60% Cu $5.2B in development 0 km 80 km West East $8 Billion in development and 3.6 Billion tons of ore discovered to date Bear Creek “La Yegua” Cu/Au project Joint Venture with Japan (JOGMEC) Drilling campaign underway BHP, Golden Ideal Mining and Super Strong Mining from China recently staked claims adjacent to Tumipampa 0 km An Emerging Copper/Gold Belt 60 km
    • TUMIPAMPA: ON-GOING DRILLING AND CROSS-CUTTING PROGRAMS A NON-DILUTIVE GOLD COMPANY 15 To Date: Developed a 20 foot high 388 square foot underground drilling gallery in July, 2013 Excavated a 978 foot cross-cut measuring 11.0 feet wide X 8.0 feet high in the Manto Dorado in 2013 Conducted a 1,064 ha geophysical study including a magnetic and induced polarization survey in 2011 Collected 1,300 geochemical samples Drilled 12,307 meters
    • TUMIPAMPA Los Chancas / Souther Peru Copper Corp. (32) 355 MT @ 0.62%Cu, 0.07% Mo, 0.039 g/t Au Las Bambas / Glencore/Xstrata (36-35) 1,710 MT @0.61%Cu, 0.02%/t Mo, 0.11g/t Au Tintaya/ Xstrata (42; 35-33) 200 MT @1.15%Cu Antapacay/ Xstrata 720 MT @0.56%Cu Antapite / Buenaventura 221.23 koz Au, 0.33 moz Ag Orcopampa / Buenaventura 2098.40 koz Au, 70.26 moz Ag Arcata / Cía Hochschild Mining 163.71 moz Ag, 481.33 koz Au Pallancata / Cía Hochschild Mining 169.63 koz Au, 19.79 moz Ag Selene / Cía Hochschild Mining 121.09 moz Au, 17.91 moz Ag Ares / Cía Hochschild mining 1210.75 koz Au, 19.79 moz Ag Caylloma / Minera Bateas S.A.C. 600.02 koz Au, 51.68 moz Ag Shila-Paula / Buenaventura 653.13 koz Au, 6.13 moz Ag APURIMAC COPPER PORPHYRY-SKARN BELT EPITHERMAL GOLD SILVER BELT Ataspaca (40) Ticnamar (41) Queen Elizabeth (36) Qda Blanca Collahuasi-Ujina (35-32) El Abra – Conchi (37-36) Chuquicamata MM-Tomic (34-31) Esperanza Telégrafo (42-41) Centinela Polo Sur (44) Gaby (42-40) Escondida – Escondida Norte Saldivar (38-35; 35-31) Chimborazo (39-38) Exploradora (33-32) El Salvador (44-41) Potrerillos (36-35) La Fortuna (35-32) Apolinario (35) Apolinario (35) Constancia / Norsemont. 413 MT @ 0.44 % Cu, 0.01% Mo Haquira/ First Quantum 1,193 MT @ 0.50% Cu APURIMAC BELT  The Belt is an extension of the world renown Chilean copper porphyry belt  Exclusive to Peru the belt holds the geological distinction of hosting copper /gold mineralized skarns  The skarns layered on top of the porphyries often contain higher grade mineralization Pierina / Barrick 771 koz Au TWO KEY MINERALIZED BELTS SITUATED ON TUMIPAMPA
    • TUMIPAMPA: GEOLOGICAL CONTEXT  Straddles the Apurimac belt which hosts the porphyry-copper and base metals rich skarn deposits located within the Abancay deflection zone:  Las Bambas (Glencore/Xstrata Copper) ($4.2B mine development approved)  *Los Chancas (Southern Copper Corp)  Haquira (Antares Minerals) (Received $460M from First Quantum) in 2011  Constancia (Norsemont) (Received $520M from Hud Bay Mining) in 2011  Additionally Tumipampa is located within a gold-silver rich belt of epithermal veins which host several key hydrothermal deposits:  Orocopampa (2M Au ounce)  Pierina (770K Au ounce)  Ares (1.2MM Au ounce)  Arcata (163K Au ounce)  Caylloma (600K Au ounce)  Shi-Paula (653K Au ounce)  Selene-Pallancanta (300K Au ounce)  Antapite (220K Au ounce) * As of May 2012 immediately adjacent to Tumipampa’s western border. A NON-DILUTIVE GOLD COMPANY 17
    • TUMIPAMPA: MANTO DORADO CHANNEL SAMPLE RESULTS 64.2 g/t Au 52.9 g/t Au 47.54 g/t Au 64.9 g/t Au 82.1 g/t Au 111.5 g/t Au 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 100.0 110.0 120.0 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 1.4 Goldgradesg/t True Width Intersection (meters) Manto Dorado Cross-Cut Channel Samples (July 2013) North Wall: • Weighted average of samples • 15.6 g/t Au over 7.4 meters Manto Dorado: The crosscut, oriented north 72 degrees west, intercepted at 135 metres the gold mineralized structure which has a width of 23.0 metres. South Wall: • Weighted average of samples • 14.4 g/t Au over 7.4 meters Roof of cross-cut: • Weighted average of samples • 36.5 g/t Au over 4.9 meters A NON-DILUTIVE GOLD COMPANY
    • TUMIPAMPA: MANTO DORADO DETAILED SAMPLE LOCATIONS N O R T H W A L L Sample Width (m) Assay Lab Results Au g/t Ag g/t Cu(%) Pb(%) Zn(%) 3098 0.3 64.19 20.99 0.33 0.03 0.03 3102 0.9 0.14 0.19 0.01 0.00 0.01 3107 0.5 52.87 44.19 0.34 0.08 0.08 3108 0.7 2.13 1.80 0.03 0.04 0.03 3123 1.0 32.03 81.89 0.88 0.43 0.93 3126 1.2 23.82 54.21 0.23 0.04 0.17 3127 0.4 10.87 1.21 0.01 0.00 0.01 Weighted Avg 22.35 35.77 0.29 0.11 0.25 Sample Width (m) Assay Lab Results R O O F Au g/t Ag g/t Cu(%) Pb(%) Zn(%) 3168 0.5 4.92 17.11 0.14 0.08 0.15 3167 0.5 64.90 28.30 0.30 0.05 0.05 3166 0.4 82.10 120.98 2.59 0.17 0.31 3165 0.3 8.40 3.73 0.02 0.02 0.05 3164 1.1 0.61 0.62 0.00 0.00 0.01 3163 0.4 0.16 0.62 0.00 0.00 0.01 3162 0.5 40.10 37.32 0.01 0.12 0.29 3161 0.5 11.85 28.92 0.01 0.03 0.03 3160 0.8 111.50 159.85 1.13 0.26 0.23 3159 0.5 0.09 0.59 0.00 0.00 0.01 Weighted Avg 33.08 41.99 0.39 0.08 0.22 Average grade: 15.6 g/t Au over 7.4 m true width Sample Width (m) Assay Lab Results S O U T H W A L L Au g/t Ag g/t Cu(%) Pb(%) Zn(%) 3114 0.6 28.03 10.61 0.07 0.00 0.03 3133 1.1 0.32 0.59 0.00 0.00 0.01 3135 0.8 28.87 18.60 0.08 0.08 0.18 3137 0.4 0.38 0.50 0.00 0.00 0.01 3138 1.3 47.54 44.38 0.07 0.07 0.05 3139 0.6 0.35 1.09 0.01 0.01 0.01 Weighted Avg 21.26 16.79 0.04 0.03 0.05 Average grade: 36.5 g/t Au over 4.9 m true width Average grade: 14.4 g/t Au over 7.4 m true width
    • TUMIPAMPA: JULY 2013 MANTO DORADO CHANNEL SAMPLES 64.9 g/t Au 32.0 g/t Au 23.8 g/t Au 111.5 g/t Au
    • TUMIPAMPA: MANTO DORADO Q4 2013 UNDERGROUND DIAMOND DRILL TARGETS A NON-DILUTIVE GOLD COMPANY 21 A crosscut tunnel driven west to the Rosa Vein is expected to intersect additional gold veins. Cross Cut Project SKARN CURRENT DRILL RIG LOCATION 8 HOLES TBA July 2013, Cross Cut intercepts bonanza grade gold mineralization of 36.5 g/t Au, 46.4 g/t Ag, and 0.43% Cu over 4.9 m including 111.5 g/t Au, 159.9 g/t Ag, and 1.13% Cu over 0.8 m OLD SPANISH STOCK PILE Zone 4 Zone 3 Zone 2 Zone 1
    • TUMIPAMPA: THE HIGH GRADE GOLD DEPOSIT PAYS PREMIUM DOLLAR A NON-DILUTIVE GOLD COMPANY WITH ONLY 36.3 MILLION SHARES OUTSTANDING 22 Argentina | Cerro Negro | 3.0 M oz | 6.6 g/t Au | $3.6 Billion Argentina | Cerro Moro | 1.1 M oz | 4.8 g/t Au | $414 Million Africa | Tabakoto/Segala | 1.4 M oz | 4.6 g/t Au | $389 Million Canada | Casa Beradi | 3.5 M oz | 4.6 g/t Au | $796 Million China | Dachang | 3.9 M oz | 3.08 g/t Au | $250 Million Australia | Randalls | 2.5 M oz | 2.6 g/t Au | $450 Million Russia | Berezitovy | 1.1 M oz | 2.5 g/t Au | $1.1 Billion USA | Long Canyon | 1.4 M oz | 2.4 g/t Au | $2.3 Billion Philippines | Masbate | 1.9 M oz | 1.7 g/t Au | $1.1 Billion Colombia | La Bodega | 6.7 M oz | 1.5 g/t Au | $1.5 Billion Africa | Lefa | 2.9 M oz | 1.4 g/t Au | $400 Million 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 $0 $1,000,000,000 $2,000,000,000 $3,000,000,000 $4,000,000,000 SumofGoldEquivalentOuncesattimeofSale Sum of Sale Price SELLING PRICE OF OTHER HIGH GRADE GOLD DEPOSITS Dynacor’s July 2013 roof results from the Manto Dorado cross-cut program: 36.5 g/t Au over 4.9 m More drill results in time for the Q4 period…
    • TUMIPAMPA: GEOPHYSICAL IDENTIFYS POTENTIAL ORE BODY
    • TUMIPAMPA: GEOPHYSICAL
    • TUMIPAMPA: GEOPHYSICAL MAP
    • BRECCIA Poctococha Lagoon Balsacocha Lagoon Patacocha Lagoon Skarn (E) Cu-Au Skarn (W) Cu-Au Gold veins Disseminated gold Zone 4 Old Spanish gold-rich tailings Cross-cut tunnel location 0 1 km  15 gold veins discovered to date  Ancient drifts from Spanish colonial period  2 old stock piles discovered by Tumipampa River  Project consists of three types of gold mineralization: Skarn, Gold Veins and Disseminated Gold associated with Breccias TUMIPAMPA: 3D MAP A NON-DILUTIVE GOLD COMPANY 28 Zone 3 Zone 2 Zone 1
    • FINANCIAL OVERVIEW Dynacor Gold Mines: A self-financed gold company: operating an ore-processing division to generate gold sales that fund the exploration of high-reward mineral properties. ”Dynacor Gold Mines is NOT a diluting asset.” As at June 30, 2013, the Company’s working capital amounted to $15.2M including $10.0M in cash
    • • Toronto Stock Exchange – Symbol: DNG • Shares issued : 36.3M • Options : 2.3M • Fully diluted shares : 38.6M • Share price : $1.54 (Sept 2013) • Capitalization : $59.4M CAD Capitalization June 30, 2013 A NON-DILUTIVE GOLD COMPANY 30
    • Others Trapeze Asset Management Sprott Asset Management National Bank Wealth Management Group JP Private Investor Group Higher Ground Private Investor Group Wunderlich Securities CIBC Wood Gundy Caisse de Depot Marmite Capital AG Neuberger Berman KEY SHAREHOLDERS A NON-DILUTIVE GOLD COMPANY 31
    • Experienced and well-balanced team with expertise in:  Geology/Exploration  Metallurgy  Mine building/engineers  Underground/surface mining  Custom milling  Business management  Finance  Marketing Since the inception of Dynacor Gold Mines Inc. in the fall of 2007, the management team has remained focused on a disciplined capital structure, via generating cash flow from its ore- processing division, to unlock the greater shareholder value through the exploration of its 100% owned Tumipampa advanced gold exploration project. Management strives to avoid dilution of its shareholders by repeated financings that typify the junior gold exploration sector. JEAN MARTINEAU, PRESIDENT AND CEO • 20 YEARS EXPERIENCE IN THE RESOURCE INDUSTRY IN CANADA AND SOUTH AMERICA • FORMER DIRECTOR OF WESDOME GOLD MINES 1999 – 2007 LEONARD TEOLI, VICE PRESIDENT AND CFO • 20 YEARS EXPERIENCE IN ACCOUNTING AND FINANCE EXECUTIVE • FORMER CFO OF DIA BRAS EXPLORATION 2003-2008 • STARTED CAREER WITH PRICE WATHERHOUSE 1987 – 1996 • MEMBER OF THE CANADIAN INSTITUTE OF CHARTERED ACCOUNTANTS SINCE 1990 JORGE LUIS CARDENAS, GENERAL MANAGER ORE-PROCESSING • MINING ENGINEER • MORE THAN 10 YEARS EXPERIENCE IN MINING (10 YEARS WITH DYNACOR) ALONSO SANCHEZ, CHIEF GEOLOGIST • 15 YEARS EXPERIENCE AS A MINE AND EXPLORATION GEOLOGIST (EXPERT OF PERUVIAN GEOLOGY) • FORMER GEOLOGIST OF PUBLICLY LISTED COMPANY BUENAVENTURA S.A.A FROM 1995- 2006 • EXPERT IN EPITHERMAL GOLD, SILVER, TIN, TUNGSTEN, POLYMETALLIC DEPOSITS AND SKARNS IN PERU MANAGEMENT A NON-DILUTIVE GOLD COMPANY 32
    • FIVE NEAR-TERM (2013) STOCK PRICE DRIVERS A NON-DILUTIVE GOLD COMPANY 33 EXPECTING TO ANNOUNCE CONSTRCUTION PERMIT FOR NEW MILL (OPENS PATH TO SIGNIFICANT GROWTH) ANNOUNCES DRILL RESULTS FROM TUMIPAMPA HIGH GRADE DEPOSIT (PROGRESSES TO 43-101) Q3-2013 EARNINGS REPORT (BUILDS FUNDAMENTAL SUPPORT AND RISING FLOOR IN STOCK PRICE) STRONG Q4 SEASON (NEWS FLOW AS WE START CONSTRUCTION AND RELEASE MORE DRILL RESULTS) 3 INVESTOR CONFERENCES SCHEDULED (BROADENS SHAREHOLDER BASE) June September August November October December July $1.21/share $1.44/share $1.50/share $1.54/share
    • • Consistently increasing cash flow; • Ramping up gold production in 2013; • Drilling exploration property with significant geological potential (Cu-Au Skarn + 14 high grade gold veins ); • New drilling campaign underway; • Low number of shares issued; • Business model protects against future dilution; Dynacor Gold Mines Inc. A Solid Business Model and Promising Future A NON-DILUTIVE GOLD COMPANY 34
    • Head Office 625, boul. René-Lévesque Ouest Suite 1105 Montréal, (Québec) H3B 1R2 (514) 393.9000 Dale Nejmeldeen Investor Relations (604) 492.0099 www.dynacorgold.com